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#1 This is a smart move for Putin. Energy and technology big part of Putin's push. The terrorism alone is a major concern for Putin. This is a remarkable opportunity for the USA to reach out. Russia is a vast country with many resources. China is in a slide now. I don't trust the Chinese and I believe the Russians don't either. Working with Russia we could see many benefits for ourselves and Europe. Russia has spent 10 billion on the their Olympics in 1214.
They are in a joint venture type of growth phase.
This includes former satellites.

#2 Not sure I buy the reset but it might work to keep Israel from working with Georgia and other Caucus states and it might eliminate embarrassment over Israeli avoidance of Russian built Iranian defenses.

It might also work to put Russia on the side of the winners instead of the losers as they currently are. This is big for pride and arms sales.

If you are Russia and you don't believe NATO missile defenses are designed to stop Iranian missiles (or know they are but could also limit your own missiles), eliminating Iranian missiles (by assisting the Israelis in doing what everyone wants/needs them to do). At that point NATO has to come clean or remove the offending installations.

Also if you are Russia you now see the US has a ton of oil ready to be exploited after the next election. A spike in oil prices now could be very profitable before that Yank oils becomes available. An Israeli attack against Iran is likely to have that effect.

Lastly if you are Russia you pride yourself on your military equipment which might not be as good as Anglo/European stuff in many cases but is better for a third world export market and you see India and Israel as a potential market. Especially after an attack on Iran makes the west finger wag and call Israel a naughty boy.

I'm sure Putins given the whole thing far more thought than I have but it would seem to be advantageous to reset their relationship.